2023 NZD to JPY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to JPY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 91.1553. Conversely, the yearly low was recorded on March 25, dropping to 81.1303.
This high-to-low spread represents a total annual volatility of 10.0249 JPY. From a start-to-finish perspective, comparing the January average rate of 83.3833 to the December average rate of 89.4794, the exchange rate registered a net change of 7.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 91.1553 was up 3.79% compared to the 2022 peak of 87.8277, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NZD to JPY Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 84.1290, compared to 88.2760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.1470 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 4.4516 JPY (High: 88.5934 / Low: 84.1418). On the other end, February was the most stable month, with a tight range of 1.4953 JPY (High: 84.3495 / Low: 82.8542).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.1436 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 89.8460) against the same month in 2022 (average: 86.2078), the exchange rate shifted by +3.6382 (+4.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 84.7410 | 81.6865 | 83.3833 |
| February | 84.3495 | 82.8542 | 83.6401 |
| March | 85.1675 | 81.1303 | 82.9186 |
| April | 84.2662 | 81.6858 | 82.9347 |
| May | 87.1586 | 83.5393 | 85.1770 |
| June | 88.5934 | 84.1418 | 86.7204 |
| July | 89.4973 | 85.9348 | 87.8433 |
| August | 87.7714 | 86.1147 | 86.6998 |
| September | 89.5503 | 86.6088 | 87.6258 |
| October | 89.7886 | 86.9375 | 88.1620 |
| November | 91.1553 | 88.5217 | 89.8460 |
| December | 91.1489 | 88.2107 | 89.4794 |